|

Elcogen secures €24.9 million EU grant for hydrogen tech expansion

By

Elcogen has been awarded €24.9 million from the European Union’s 2024 Innovation Fund to expand its production capacity for solid oxide electrolyser cell (SOEC) and solid oxide fuel cell (SOFC) components in Tallinn, Estonia. 

This funding will enhance Elcogen’s role in advancing green hydrogen production and supporting the transition to green energy.

The EU’s Innovation Fund allocated €4.8 billion across 85 projects in 2024, targeting a collective carbon reduction of 476 million tonnes over the next decade through clean technology advancements in areas like renewable energy, energy storage, and hydrogen production. 

Elcogen, founded in 2001, specializes in cost-effective solutions for green hydrogen and emission-free electricity, contributing to energy security and net-zero goals.

Similar Posts

|

Enefit Green secures €100 million EBRD loan for Estonia’s largest wind farm

By

Enefit Green has secured a €100 million loan from the European Bank for Reconstruction and Development (EBRD) for the construction of the 255MW Sopi-Tootsi wind farm in Estonia. The eight-year loan supports the wind farm’s development, set to be completed by 2025. The project, with over half of its 38 turbines already installed, will meet 40% of the annual electricity consumption of Estonian households.

|

DERC issues draft regulations for intrastate transmission projects under TBCB

By

The Delhi Electricity Regulatory Commission (DERC) has released draft regulations to establish the threshold size for intrastate transmission system (InSTS) schemes developed under the tariff-based competitive bidding (TBCB) mechanism. The regulations, titled “Draft Delhi Electricity Regulatory Commission (Threshold Limit for the Development of Intra-State Transmission Projects under the Tariff Based Competitive Bidding) Regulations, 2024,” are open for public comments and suggestions. A key aspect of the draft regulations is setting a Rs 1.5 billion threshold…

|

Ontario Power to operate Pickering nuclear units until 2026

By

The Canadian Nuclear Safety Commission (CNSC) has granted Ontario Power Generation (OPG) an extension to operate units 5 to 8 of the Pickering nuclear generating station (PNGS) until the end of 2026, extending the previous deadline of December 31, 2024. The extended permit allows OPG to run these units up to 305,000 equivalent full power hours (EFPH), an increase from the previous 295,000 EFPH limit. The amended licence includes a requirement for OPG to maintain…

|

OX2 to manage Piiparinmaki wind farm, Finland, for Nuveen

By

Renewable energy solutions provider OX2 has entered into an asset management agreement with Nuveen Infrastructure to manage the Piiparinmaki wind farm in Finland. OX2 will oversee the facility’s technical, commercial, and financial management, which began commercial production in the summer of 2022, to maximize its performance. Nuveen Infrastructure, the private infrastructure investment arm of global asset manager Nuveen, manages $1.2 trillion in assets. Jordi Francesch, managing director of Nuveen Infrastructure Asset Management, expressed enthusiasm for…

|

WEG, Kroma Energia sign contract for 250 MW solar project in Brazil

By

Brazilian electric-electronic equipment company WEG has secured a supply contract with energy trader Kroma Energia for the 250 MWp Arapuá solar energy complex in Vale do Jaguaribe, Jaguaruana. The project, valued at R$630 million, is expected to begin commercial operations in Q1 2026, with an estimated annual production of 537 GWh. The contract covers the supply of PV modules, trackers, inverters, a power substation, and a connection bay with the local utility, along with complete…

|

Good Energy to acquire solar installer Empower Energy

By

Renewable energy provider Good Energy Group has signed a conditional binding agreement to acquire Empower Energy, a commercial solar installation company, for an initial consideration of £7 million ($7.56 million).  The acquisition, structured on a debt-free, cash-free basis, includes £6.25 million in cash and the allotment of 254,237 new ordinary shares in Good Energy at 295 pence per share, subject to a 12-month lock-up followed by a 12-month orderly marketing period. An additional deferred consideration…

Leave a Reply

Your email address will not be published. Required fields are marked *